Paycom Software (PAYC) Financials

$137.79 -0.01 (-0.01%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$138.68 +0.88 (+0.64%)

As of 05/22/2026 07:52 PM Eastern

Annual Income Statements for Paycom Software

This table shows Paycom Software's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	21	70	123	137	181	143	196	281	341	502	453
Consolidated Net Income / (Loss)	21	70	123	137	181	143	196	281	341	502	453
Net Income / (Loss) Continuing Operations	21	70	123	137	181	143	196	281	341	502	453
Total Pre-Tax Income	34	101	128	175	226	186	256	390	472	649	619
Total Operating Income	34	102	130	174	226	186	254	379	451	634	567
Total Gross Profit	189	275	361	476	628	718	894	1,163	1,417	1,549	1,706
Total Revenue	225	329	433	566	738	841	1,056	1,375	1,694	1,883	2,052
Operating Revenue	220	329	433	566	738	841	1,056	1,375	1,694	1,883	2,052
Total Cost of Revenue	35	54	72	91	110	124	162	213	276	335	345
Operating Cost of Revenue	35	54	72	91	110	124	162	213	276	335	345
Total Operating Expenses	155	173	231	302	402	532	640	784	966	914	1,139
Selling, General & Admin Expense	48	59	80	97	128	178	210	239	288	159	279
Marketing Expense	93	85	111	144	179	236	276	347	418	434	483
Research & Development Expense	8.63	21	30	46	73	90	118	148	199	243	283
Depreciation Expense	5.74	7.83	9.81	15	22	28	36	50	61	79	94
Total Other Income / (Expense), net	-0.91	-0.73	-1.98	1.00	-0.14	-0.19	2.40	11	21	15	52
Interest Expense	1.43	1.04	0.91	0.77	0.94	0.02	0.00	2.50	1.90	3.40	3.40
Other Income / (Expense), net	0.52	0.31	-1.07	1.76	0.80	-0.17	2.40	13	23	18	56
Income Tax Expense	13	31	4.25	38	46	42	60	108	132	147	166
Basic Earnings per Share	$0.37	$1.21	$2.13	$2.37	$3.14	$2.49	$3.39	$4.86	$5.91	$8.93	$8.13
Weighted Average Basic Shares Outstanding	56.50M	57.55M	57.84M	57.71M	57.56M	57.62M	57.89M	57.93M	57.71M	56.21M	55.77M
Diluted Earnings per Share	$0.36	$1.19	$2.10	$2.34	$3.09	$2.46	$3.37	$4.84	$5.88	$8.92	$8.08
Weighted Average Diluted Shares Outstanding	57.92M	58.97M	58.79M	58.58M	58.40M	58.29M	58.19M	58.18M	57.97M	56.30M	56.12M
Weighted Average Basic & Diluted Shares Outstanding	56.60M	36.20M	126M	57.80M	58.85M	60.19M	60.21M	60.32M	57.55M	57.26M	54.28M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.38	$0.38	$0.38

This table shows Paycom Software's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	75	82	247	68	73	114	139	90	111	114	156
Consolidated Net Income / (Loss)	75	82	247	68	73	114	139	90	111	114	156
Net Income / (Loss) Continuing Operations	75	82	247	68	73	114	139	90	111	114	156
Total Pre-Tax Income	102	112	290	99	108	152	190	117	153	159	215
Total Operating Income	97	107	286	95	105	148	185	112	113	157	210
Total Gross Profit	337	360	421	354	364	410	446	396	408	456	485
Total Revenue	406	435	500	438	452	494	531	484	493	544	572
Operating Revenue	406	435	500	438	452	494	531	484	493	544	572
Total Cost of Revenue	69	75	79	84	88	84	85	88	85	88	87
Operating Cost of Revenue	69	75	79	84	88	84	85	88	85	88	87
Total Operating Expenses	240	253	135	259	259	262	261	284	295	299	274
Selling, General & Admin Expense	72	75	-48	70	71	66	66	70	72	71	69
Marketing Expense	101	106	116	107	105	108	111	116	126	130	118
Research & Development Expense	52	55	51	62	63	67	62	75	74	72	61
Depreciation Expense	16	17	18	19	21	21	22	23	24	26	27
Total Other Income / (Expense), net	5.14	5.21	4.20	4.00	3.40	3.03	5.20	4.90	40	1.90	5.10
Interest Expense	0.22	0.24	0.80	0.80	0.80	1.05	0.80	0.80	1.10	0.70	4.00
Other Income / (Expense), net	5.36	5.45	5.00	4.80	4.20	4.08	6.00	5.70	41	2.60	9.10
Income Tax Expense	27	30	43	31	35	38	51	28	42	45	60
Basic Earnings per Share	$1.30	$1.44	$4.37	$1.20	$1.31	$2.05	$2.49	$1.59	$1.97	$2.08	$3.05
Weighted Average Basic Shares Outstanding	57.83M	57.71M	56.55M	56.45M	55.93M	56.21M	55.97M	56.12M	56.11M	55.77M	51.09M
Diluted Earnings per Share	$1.30	$1.41	$4.37	$1.20	$1.31	$2.04	$2.48	$1.58	$1.96	$2.06	$3.04
Weighted Average Diluted Shares Outstanding	57.97M	57.97M	56.55M	56.77M	55.96M	56.30M	56.28M	56.50M	56.43M	56.12M	51.17M
Weighted Average Basic & Diluted Shares Outstanding	60.23M	57.55M	58.11M	57.43M	57.66M	57.26M	57.82M	57.88M	56.27M	54.28M	47.63M
Cash Dividends to Common per Share	$0.38	-	$0.38	$0.38	$0.38	-	$0.38	$0.38	$0.38	-	$0.38

This table details how cash moves in and out of Paycom Software's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	26	9.44	291	-112	655	-57	227	596	14	1,620	1,090
Net Cash From Operating Activities	43	99	130	185	224	227	319	365	485	534	679
Net Cash From Continuing Operating Activities	43	99	130	185	224	227	319	365	481	534	679
Net Income / (Loss) Continuing Operations	21	70	123	137	181	143	196	281	341	502	453
Consolidated Net Income / (Loss)	21	70	123	137	181	143	196	281	341	502	453
Depreciation Expense	9.42	14	19	30	42	53	67	93	114	146	176
Amortization Expense	0.16	-0.01	-0.33	-1.08	-0.91	-1.53	-0.42	-0.20	0.70	1.00	-12
Non-Cash Adjustments To Reconcile Net Income	3.23	21	39	37	50	93	97	101	133	-19	80
Changes in Operating Assets and Liabilities, net	9.22	-5.88	-52	-18	-48	-61	-41	-110	-107	-96	-19
Net Cash From Investing Activities	-52	-205	16	-49	-220	-118	-258	-23	-197	-22	-611
Net Cash From Continuing Investing Activities	-52	-205	16	-49	-220	-118	-258	-23	-197	-22	-611
Purchase of Property, Plant & Equipment	-17	-44	-59	-60	-93	-94	-121	-133	-193	-193	-271
Acquisitions	-	-	-	-	0.00	0.00	-5.50	-4.10	-4.20	-4.40	-4.50
Purchase of Investments	-	-114	-66	-145	-196	-333	-399	-269	-25	-25	-836
Sale of Property, Plant & Equipment	0.00	0.30	-	-	-	-	0.00	0.00	0.10	0.00	0.10
Sale and/or Maturity of Investments	-	16	141	156	69	309	267	382	25	200	500
Net Cash From Financing Activities	35	116	146	-248	651	-166	166	255	-275	1,108	1,022
Net Cash From Continuing Financing Activities	35	116	146	-248	651	-166	166	255	-275	1,108	1,022
Repayment of Debt	-1.22	-1.04	-37	-0.95	-1.79	-1.78	-1.78	-36	-30	0.00	0.00
Repurchase of Common Equity	0.00	-36	-57	-105	0.00	-52	0.00	-95	-287	-123	-326
Payment of Dividends	-	-	-	-	-	-	0.00	0.00	-65	-85	-85
Issuance of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	5.50
Other Financing Activities, net	36	147	198	-142	652	-112	167	356	107	1,316	1,427
Cash Interest Paid	1.27	0.94	0.79	0.71	0.89	0.00	0.00	0.50	1.00	2.00	2.10
Cash Income Taxes Paid	19	9.32	18	14	25	28	33	101	139	135	78

This table details how cash moves in and out of Paycom Software's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-157	236	567	-375	-874	2,302	-1,650	-740	45	3,434	-2,729
Net Cash From Operating Activities	99	134	149	132	93	160	183	123	178	196	214
Net Cash From Continuing Operating Activities	98	134	149	132	93	160	183	123	178	196	214
Net Income / (Loss) Continuing Operations	75	82	247	68	73	114	139	90	111	114	156
Consolidated Net Income / (Loss)	75	82	247	68	73	114	139	90	111	114	156
Depreciation Expense	29	31	33	36	38	40	40	42	45	49	51
Amortization Expense	0.19	0.14	0.20	0.24	0.28	0.28	-1.00	-3.40	-3.70	-3.50	-1.10
Non-Cash Adjustments To Reconcile Net Income	35	34	-104	24	17	32	9.30	46	-6.40	31	-5.80
Changes in Operating Assets and Liabilities, net	-41	-12	-28	3.81	-36	-25	-5.10	-52	32	5.20	14
Net Cash From Investing Activities	-52	-61	42	29	-38	-56	-380	-185	-94	48	-31
Net Cash From Continuing Investing Activities	-52	-61	42	29	-38	-56	-380	-185	-94	48	-31
Purchase of Property, Plant & Equipment	-52	-57	-48	-46	-48	-51	-38	-62	-98	-74	-31
Purchase of Investments	-	-	0.00	-	-25	0.03	-342	-124	-246	-124	-167
Sale of Property, Plant & Equipment	0.02	0.03	-	-	-	-0.01	0.00	-	-	-	0.00
Sale and/or Maturity of Investments	-	-	90	75	35	-	0.00	-	250	250	167
Net Cash From Financing Activities	-203	163	376	-537	-929	2,198	-1,452	-677	-39	3,190	-2,912
Net Cash From Continuing Financing Activities	-203	163	376	-537	-929	2,198	-1,452	-677	-39	3,190	-2,912
Repurchase of Common Equity	-75	-212	-	-81	-42	0.00	0.00	-	-219	-107	-1,054
Payment of Dividends	-22	-21	-21	-21	-21	-21	-21	-22	-21	-21	-18
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	675
Issuance of Common Equity	-	-	-	-	-	-	0.00	-	-	2.50	3.60
Other Financing Activities, net	-106	425	397	-435	-866	2,219	-1,431	-655	198	3,315	-2,518

This table presents Paycom Software's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	877	1,079	1,550	1,522	2,487	2,608	3,215	3,903	4,198	5,860	7,599
Total Current Assets	761	926	1,176	1,065	1,871	1,865	2,252	2,764	2,813	4,305	5,839
Cash & Equivalents	51	60	46	46	134	152	278	401	294	402	370
Restricted Cash	697	858	1,089	968	1,663	1,613	1,847	2,203	2,327	3,666	5,137
Accounts Receivable	2.35	1.34	1.58	3.41	9.30	9.13	9.49	23	16	39	45
Inventories, net	1.09	0.68	0.98	0.80	1.16	1.15	1.13	1.61	1.40	1.40	1.70
Prepaid Expenses	3.53	4.48	4.98	7.66	14	18	24	34	38	44	48
Current Deferred & Refundable Income Taxes	6.74	0.69	7.05	3.96	4.02	10	16	5.58	18	12	78
Other Current Assets	-	-	26	35	47	61	77	96	118	140	160
Plant, Property, & Equipment, net	59	97	148	177	238	285	349	402	498	561	687
Total Noncurrent Assets	57	56	226	280	377	458	614	736	886	994	1,073
Goodwill	52	52	52	52	52	52	52	52	52	52	52
Intangible Assets	3.48	1.87	0.96	-	-	0.32	58	54	50	46	37
Other Noncurrent Operating Assets	1.29	1.22	173	228	325	406	504	630	784	896	983
Total Liabilities & Shareholders' Equity	877	1,079	1,550	1,522	2,487	2,608	3,215	3,903	4,198	5,860	7,599
Total Liabilities	778	962	1,269	1,187	1,960	1,952	2,321	2,720	2,895	4,284	5,867
Total Current Liabilities	728	899	1,140	1,029	1,754	1,718	1,990	2,377	2,535	3,907	5,368
Short-Term Debt	0.89	1.11	0.89	1.78	1.78	1.78	1.78	0.00	-	-	0.00
Accounts Payable	4.90	3.74	6.49	6.29	5.05	6.79	5.77	16	14	24	6.60
Accrued Expenses	9.74	18	20	44	73	82	120	133	151	167	168
Current Deferred Revenue	3.73	5.23	6.98	8.98	11	14	16	20	23	30	28
Other Current Liabilities	697	858	1,089	968	1,663	1,613	1,847	2,208	2,347	3,686	5,165
Total Noncurrent Liabilities	51	63	129	158	207	234	331	343	360	377	499
Long-Term Debt	25	29	34	33	31	29	27	29	-	-	0.00
Noncurrent Deferred Revenue	25	34	45	56	65	73	85	98	108	115	122
Noncurrent Deferred & Payable Income Tax Liabilities	0.64	-	49	70	91	113	146	141	144	150	304
Other Noncurrent Operating Liabilities	-	0.00	0.55	-	20	19	73	75	108	113	73
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	98	117	281	335	527	656	894	1,183	1,303	1,576	1,732
Total Preferred & Common Equity	98	117	281	335	527	656	894	1,183	1,303	1,576	1,732
Total Common Equity	98	117	281	335	527	656	894	1,183	1,303	1,576	1,732
Common Stock	72	96	162	204	258	359	466	577	725	725	879
Retained Earnings	27	70	259	396	576	720	916	1,197	1,470	1,888	2,256
Treasury Stock	0.00	-50	-140	-265	-308	-423	-488	-588	-891	-1,036	-1,403
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	0.00	-3.70	-1.00	-0.60	0.30

This table presents Paycom Software's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,951	3,856	4,198	4,733	4,313	3,493	5,860	4,573	4,031	4,245	4,822
Total Current Assets	2,708	2,563	2,813	3,296	2,846	1,978	4,305	2,989	2,403	2,542	3,074
Cash & Equivalents	537	484	294	371	346	326	402	521	532	375	154
Restricted Cash	2,002	1,899	2,327	2,728	2,303	1,440	3,666	2,241	1,617	1,820	2,625
Accounts Receivable	16	16	16	20	20	21	39	31	40	50	51
Inventories, net	0.87	0.84	1.40	1.81	1.42	1.33	1.40	1.40	1.60	1.80	1.50
Prepaid Expenses	43	41	38	51	47	46	44	49	56	63	58
Current Deferred & Refundable Income Taxes	1.94	11	18	0.00	0.00	10	12	0.00	6.30	77	21
Other Current Assets	107	112	118	124	129	134	140	146	150	155	164
Plant, Property, & Equipment, net	445	468	498	520	532	554	561	567	602	660	669
Total Noncurrent Assets	798	825	886	917	935	961	994	1,016	1,026	1,043	1,079
Goodwill	52	52	52	52	52	52	52	52	52	52	52
Intangible Assets	52	51	50	49	48	47	46	45	44	41	34
Other Noncurrent Operating Assets	694	722	784	816	834	862	896	919	930	951	993
Total Liabilities & Shareholders' Equity	3,951	3,856	4,198	4,733	4,313	3,493	5,860	4,573	4,031	4,245	4,822
Total Liabilities	2,545	2,435	2,895	3,295	2,886	2,028	4,284	2,855	2,229	2,536	4,010
Total Current Liabilities	2,187	2,070	2,535	2,942	2,527	1,660	3,907	2,482	1,849	2,079	2,840
Short-Term Debt	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Accounts Payable	8.49	6.89	14	21	15	35	24	9.10	20	20	9.40
Accrued Expenses	151	139	151	148	167	136	167	139	160	185	145
Current Deferred Revenue	21	23	23	28	31	29	30	30	30	30	32
Other Current Liabilities	2,006	1,902	2,347	2,728	2,303	1,460	3,686	2,261	1,639	1,843	2,653
Total Noncurrent Liabilities	358	365	360	353	359	368	377	373	380	457	1,171
Long-Term Debt	29	29	-	0.00	0.00	0.00	-	0.00	0.00	0.00	675
Noncurrent Deferred Revenue	103	106	108	109	111	113	115	119	119	121	122
Noncurrent Deferred & Payable Income Tax Liabilities	143	145	144	133	136	140	150	144	150	259	307
Other Noncurrent Operating Liabilities	83	85	108	110	112	115	113	111	111	77	67
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,407	1,421	1,303	1,438	1,427	1,465	1,576	1,717	1,802	1,709	812
Total Preferred & Common Equity	1,407	1,421	1,303	1,438	1,427	1,465	1,576	1,717	1,802	1,709	812
Total Common Equity	1,407	1,421	1,303	1,438	1,427	1,465	1,576	1,717	1,802	1,709	812
Common Stock	651	688	725	635	668	699	725	753	803	844	888
Retained Earnings	1,358	1,411	1,470	1,697	1,744	1,795	1,888	2,006	2,073	2,163	2,394
Treasury Stock	-599	-676	-891	-894	-985	-1,029	-1,036	-1,042	-1,074	-1,297	-2,469
Accumulated Other Comprehensive Income / (Loss)	-2.99	-2.18	-1.00	-0.50	-0.31	-0.18	-0.60	-0.10	0.20	0.40	-0.60

This table displays calculated financial ratios and metrics derived from Paycom Software's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.85%	46.51%	31.57%	30.78%	30.25%	14.07%	25.44%	30.29%	23.16%	11.19%	8.95%
EBITDA Growth	82.38%	159.76%	27.70%	38.15%	31.50%	-11.38%	35.73%	50.14%	21.52%	35.73%	-1.48%
EBIT Growth	104.15%	191.97%	26.06%	36.41%	29.38%	-18.09%	37.65%	53.19%	20.96%	37.55%	-4.54%
NOPAT Growth	133.65%	229.69%	76.80%	8.68%	32.58%	-20.53%	35.19%	40.90%	19.03%	50.70%	-15.38%
Net Income Growth	269.86%	236.22%	75.35%	11.00%	31.74%	-20.56%	36.60%	43.60%	21.11%	47.30%	-9.68%
EPS Growth	227.27%	230.56%	76.47%	11.43%	32.05%	-20.39%	36.99%	43.62%	21.49%	51.70%	-9.42%
Operating Cash Flow Growth	92.38%	129.96%	31.71%	42.00%	21.34%	1.31%	40.56%	14.32%	32.84%	10.08%	27.16%
Free Cash Flow Firm Growth	-71.70%	266.53%	-21.65%	-122.13%	2,131.14%	-101.93%	2,225.65%	46.29%	-45.71%	560.56%	2.12%
Invested Capital Growth	-6.57%	-23.85%	-6.05%	21.30%	-92.00%	12.81%	-11.40%	-15.85%	5.29%	-88.99%	-51.53%
Revenue Q/Q Growth	10.35%	7.40%	6.44%	6.85%	6.20%	3.38%	6.46%	6.64%	3.93%	3.25%	2.52%
EBITDA Q/Q Growth	34.62%	80.05%	-12.06%	5.77%	243.92%	-44.56%	13.38%	11.81%	0.55%	6.57%	1.69%
EBIT Q/Q Growth	44.92%	96.90%	-14.52%	4.82%	474.81%	-51.06%	15.01%	12.94%	-0.58%	6.60%	1.17%
NOPAT Q/Q Growth	54.84%	73.03%	13.92%	-11.73%	142.38%	-43.74%	13.80%	10.68%	1.17%	7.32%	0.37%
Net Income Q/Q Growth	14.49%	74.46%	12.43%	-11.29%	8.38%	-12.78%	14.17%	12.50%	0.54%	6.76%	0.07%
EPS Q/Q Growth	9.09%	77.61%	12.90%	-11.36%	8.42%	-12.77%	14.24%	12.30%	0.68%	7.60%	0.25%
Operating Cash Flow Q/Q Growth	-0.45%	18.66%	11.78%	0.47%	4.12%	2.27%	13.04%	11.87%	1.25%	5.10%	5.55%
Free Cash Flow Firm Q/Q Growth	-75.63%	30,414.59%	-36.59%	-148.03%	1,043.66%	-101.79%	-78.74%	141.13%	-14.32%	1,050.08%	183.94%
Invested Capital Q/Q Growth	-14.03%	-52.46%	-22.62%	-8.74%	-183.71%	-6.27%	48.56%	-44.87%	-41.30%	-728.45%	-677.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	84.21%	83.57%	83.37%	83.97%	85.12%	85.32%	84.66%	84.53%	83.69%	82.23%	83.17%
EBITDA Margin	19.82%	35.14%	34.11%	36.03%	36.38%	28.26%	30.58%	35.24%	34.77%	42.44%	38.38%
Operating Margin	15.33%	30.91%	29.95%	30.67%	30.67%	22.12%	24.02%	27.54%	26.65%	33.68%	27.65%
EBIT Margin	15.56%	31.00%	29.71%	30.98%	30.78%	22.10%	24.25%	28.51%	28.00%	34.64%	30.36%
Profit (Net Income) Margin	9.32%	21.40%	28.52%	24.20%	24.48%	17.05%	18.57%	20.46%	20.12%	26.66%	22.10%
Tax Burden Percent	62.48%	69.72%	96.68%	78.45%	79.87%	77.15%	76.56%	72.23%	72.14%	77.35%	73.20%
Interest Burden Percent	95.92%	98.98%	99.29%	99.56%	99.59%	99.99%	100.00%	99.36%	99.60%	99.48%	99.45%
Effective Tax Rate	37.52%	30.28%	3.32%	21.55%	20.13%	22.85%	23.44%	27.77%	27.86%	22.65%	26.80%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	24.29%	65.56%	62.09%	44.50%	41.93%	24.27%	25.30%	27.11%	27.42%	34.87%	27.42%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	4.18%	10.44%	9.79%	11.42%	11.33%	7.30%	8.79%	11.02%	11.71%	12.97%	9.26%
Return on Assets (ROA)	2.50%	7.20%	9.40%	8.92%	9.01%	5.63%	6.73%	7.91%	8.41%	9.98%	6.74%
Return on Common Equity (ROCE)	24.29%	65.56%	62.09%	44.50%	41.93%	24.27%	25.30%	27.11%	27.42%	34.87%	27.42%
Return on Equity Simple (ROE_SIMPLE)	21.30%	60.43%	43.91%	40.95%	34.29%	21.88%	21.93%	23.79%	26.16%	31.85%	0.00%
Net Operating Profit after Tax (NOPAT)	22	71	125	136	181	144	194	274	326	491	415
NOPAT Margin	9.58%	21.55%	28.96%	24.06%	24.49%	17.07%	18.39%	19.89%	19.22%	26.05%	20.24%
Net Nonoperating Expense Percent (NNEP)	-0.08%	-0.06%	-0.19%	0.08%	-0.01%	-0.01%	0.10%	0.34%	0.59%	0.34%	0.80%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	22.58%	24.99%	31.13%	23.98%
Cost of Revenue to Revenue	15.79%	16.43%	16.63%	16.03%	14.88%	14.68%	15.34%	15.47%	16.31%	17.77%	16.83%
SG&A Expenses to Revenue	21.29%	17.98%	18.53%	17.06%	17.29%	21.18%	19.88%	17.39%	17.01%	8.42%	13.60%
R&D to Revenue	3.84%	6.37%	7.03%	8.17%	9.91%	10.73%	11.22%	10.78%	11.75%	12.88%	13.81%
Operating Expenses to Revenue	68.88%	52.66%	53.41%	53.30%	54.46%	63.20%	60.64%	57.00%	57.04%	48.55%	55.52%
Earnings before Interest and Taxes (EBIT)	35	102	129	175	227	186	256	392	474	652	623
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	116	148	204	268	238	323	485	589	799	788
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	22.42	23.26	16.76	21.25	29.10	40.00	27.64	15.55	9.48	7.50	5.18
Price to Tangible Book Value (P/TBV)	51.33	43.18	20.63	25.15	32.28	43.46	31.51	17.08	10.28	8.00	5.46
Price to Revenue (P/Rev)	9.81	8.23	10.88	12.56	20.77	31.17	23.40	13.37	7.29	6.28	4.37
Price to Earnings (P/E)	105.24	38.48	38.16	51.90	84.86	182.82	126.04	65.34	36.24	23.54	19.78
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%	0.73%	0.94%
Earnings Yield	0.95%	2.60%	2.62%	1.93%	1.18%	0.55%	0.79%	1.53%	2.76%	4.25%	5.06%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	6.60	5.53	8.34	10.83	18.38	29.11	21.41	11.50	5.74	4.12	1.69
Enterprise Value to EBITDA (EV/EBITDA)	33.29	15.75	24.46	30.06	50.53	102.99	70.03	32.63	16.52	9.70	4.39
Enterprise Value to EBIT (EV/EBIT)	42.42	17.85	28.08	34.96	59.73	131.70	88.31	40.32	20.51	11.88	5.56
Enterprise Value to NOPAT (EV/NOPAT)	68.91	25.68	28.81	45.01	75.05	170.55	116.44	57.80	29.88	15.80	8.33
Enterprise Value to Operating Cash Flow (EV/OCF)	34.50	18.43	27.76	33.19	60.46	107.79	70.78	43.31	20.06	14.52	5.10
Enterprise Value to Free Cash Flow (EV/FCFF)	24.74	8.29	20.99	0.00	17.53	0.00	71.27	34.08	38.62	4.66	2.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.26	0.13	0.10	0.06	0.05	0.03	0.02	0.00	0.00	0.00
Long-Term Debt to Equity	0.25	0.25	0.12	0.10	0.06	0.04	0.03	0.02	0.00	0.00	0.00
Financial Leverage	-8.01	-7.50	-5.00	-3.38	-3.18	-2.96	-2.47	-2.25	-2.09	-2.32	-2.89
Leverage Ratio	9.71	9.10	6.61	4.99	4.65	4.31	3.76	3.43	3.26	3.49	4.07
Compound Leverage Factor	9.31	9.01	6.56	4.97	4.63	4.31	3.76	3.41	3.25	3.48	4.05
Debt to Total Capital	20.75%	20.38%	11.15%	9.32%	5.84%	4.50%	3.16%	2.39%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.71%	0.76%	0.28%	0.48%	0.32%	0.26%	0.19%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.04%	19.62%	10.87%	8.84%	5.52%	4.24%	2.97%	2.39%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.25%	79.62%	88.85%	90.68%	94.17%	95.50%	96.84%	97.61%	100.00%	100.00%	100.00%
Debt to EBITDA	0.58	0.26	0.24	0.17	0.12	0.13	0.09	0.06	0.00	0.00	0.00
Net Debt to EBITDA	-16.21	-7.68	-7.45	-4.80	-6.57	-7.29	-6.49	-5.31	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.56	0.25	0.23	0.16	0.12	0.12	0.08	0.06	0.00	0.00	0.00
Debt to NOPAT	1.20	0.42	0.28	0.25	0.18	0.22	0.15	0.11	0.00	0.00	0.00
Net Debt to NOPAT	-33.55	-12.53	-8.77	-7.18	-9.76	-12.08	-10.79	-9.41	0.00	0.00	0.00
Long-Term Debt to NOPAT	1.16	0.40	0.27	0.24	0.17	0.20	0.14	0.11	0.00	0.00	0.00
Altman Z-Score	2.18	2.43	3.04	4.74	5.67	9.07	7.47	5.29	3.91	2.88	1.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.03	1.03	1.03	1.07	1.09	1.13	1.16	1.11	1.10	1.09
Quick Ratio	0.07	0.07	0.04	0.05	0.08	0.09	0.14	0.18	0.12	0.11	0.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	60	220	172	-38	774	-15	317	464	252	1,664	1,699
Operating Cash Flow to CapEx	259.67%	227.12%	219.15%	308.51%	241.31%	241.45%	264.61%	275.13%	251.95%	276.78%	250.70%
Free Cash Flow to Firm to Interest Expense	41.99	211.99	188.89	-49.72	822.88	-785.25	0.00	185.58	132.57	489.36	499.73
Operating Cash Flow to Interest Expense	30.11	95.38	142.86	241.28	238.58	11,958.26	0.00	146.04	255.26	157.03	199.68
Operating Cash Flow Less CapEx to Interest Expense	18.52	53.39	77.67	163.07	139.71	7,005.53	0.00	92.96	153.95	100.29	120.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.34	0.33	0.37	0.37	0.33	0.36	0.39	0.42	0.37	0.30
Accounts Receivable Turnover	87.28	178.25	297.12	226.99	116.06	91.32	113.38	85.06	86.32	67.74	48.79
Inventory Turnover	55.08	61.16	87.10	102.21	112.27	107.01	141.88	155.37	183.77	239.00	222.84
Fixed Asset Turnover	4.21	4.23	3.54	3.49	3.55	3.21	3.33	3.66	3.76	3.55	3.29
Accounts Payable Turnover	8.93	12.52	14.09	14.21	19.36	20.87	25.78	19.49	18.45	17.70	22.65
Days Sales Outstanding (DSO)	4.18	2.05	1.23	1.61	3.15	4.00	3.22	4.29	4.23	5.39	7.48
Days Inventory Outstanding (DIO)	6.63	5.97	4.19	3.57	3.25	3.41	2.57	2.35	1.99	1.53	1.64
Days Payable Outstanding (DPO)	40.85	29.15	25.91	25.69	18.86	17.49	14.16	18.73	19.79	20.62	16.12
Cash Conversion Cycle (CCC)	-30.05	-21.14	-20.49	-20.51	-12.46	-10.08	-8.37	-12.09	-13.57	-13.70	-7.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-623	-772	-819	-644	-1,237	-1,079	-1,202	-1,392	-1,318	-2,492	-3,776
Invested Capital Turnover	-0.37	-0.47	-0.54	-0.77	-0.78	-0.73	-0.93	-1.06	-1.25	-0.99	-0.65
Increase / (Decrease) in Invested Capital	-38	-149	-47	174	-593	159	-123	-190	74	-1,173	-1,284
Enterprise Value (EV)	1,483	1,821	3,613	6,134	13,560	24,491	22,604	15,811	9,728	7,751	3,460
Market Capitalization	2,204	2,710	4,713	7,113	15,323	26,225	24,699	18,386	12,349	11,819	8,967
Book Value per Share	$1.66	$1.94	$4.75	$5.71	$9.02	$11.21	$14.89	$19.70	$21.63	$27.33	$30.77
Tangible Book Value per Share	$0.73	$1.04	$3.86	$4.83	$8.13	$10.31	$13.06	$17.94	$19.94	$25.63	$29.18
Total Capital	124	146	317	369	559	687	923	1,212	1,303	1,576	1,732
Total Debt	26	30	35	34	33	31	29	29	0.00	0.00	0.00
Total Long-Term Debt	25	29	34	33	31	29	27	29	0.00	0.00	0.00
Net Debt	-722	-889	-1,100	-979	-1,764	-1,734	-2,095	-2,575	-2,621	-4,068	-5,507
Capital Expenditures (CapEx)	17	44	59	60	93	94	121	133	193	193	271
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-713	-891	-1,098	-976	-1,677	-1,617	-1,861	-2,217	-2,343	-3,670	-5,037
Debt-free Net Working Capital (DFNWC)	34	28	37	38	119	148	263	387	279	398	470
Net Working Capital (NWC)	34	27	36	36	118	147	262	387	279	398	470
Net Nonoperating Expense (NNE)	0.57	0.51	1.91	-0.78	0.11	0.14	-1.83	-7.87	-15	-11	-38
Net Nonoperating Obligations (NNO)	-722	-889	-1,100	-979	-1,764	-1,734	-2,095	-2,575	-2,621	-4,068	-5,507
Total Depreciation and Amortization (D&A)	9.58	14	19	29	41	52	67	93	115	147	165
Debt-free, Cash-free Net Working Capital to Revenue	-317.35%	-270.58%	-253.62%	-172.30%	-227.35%	-192.15%	-176.32%	-161.18%	-138.31%	-194.85%	-245.48%
Debt-free Net Working Capital to Revenue	15.35%	8.45%	8.54%	6.66%	16.18%	17.63%	24.95%	28.15%	16.46%	21.13%	22.93%
Net Working Capital to Revenue	14.96%	8.11%	8.34%	6.35%	15.94%	17.42%	24.79%	28.15%	16.46%	21.13%	22.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	$0.76	$1.15	$2.37	$3.14	$2.49	$3.39	$4.86	$5.91	$8.93	$8.13
Adjusted Weighted Average Basic Shares Outstanding	56.50M	57.55M	57.84M	57.71M	57.56M	57.62M	57.89M	57.93M	57.71M	56.21M	55.77M
Adjusted Diluted Earnings per Share	$0.36	$0.74	$1.13	$2.34	$3.09	$2.46	$3.37	$4.84	$5.88	$8.92	$8.08
Adjusted Weighted Average Diluted Shares Outstanding	57.92M	58.97M	58.79M	58.58M	58.40M	58.29M	58.19M	58.18M	57.97M	56.30M	56.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.10M	59.49M	59.18M	58.60M	58.85M	60.19M	60.21M	60.32M	57.55M	57.26M	54.28M
Normalized Net Operating Profit after Tax (NOPAT)	22	71	125	136	181	144	194	274	326	491	415
Normalized NOPAT Margin	9.58%	21.55%	28.96%	24.06%	24.49%	17.07%	18.39%	19.89%	19.22%	26.05%	20.24%
Pre Tax Income Margin	14.92%	30.69%	29.50%	30.85%	30.65%	22.10%	24.25%	28.33%	27.89%	34.46%	30.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.49	98.50	141.21	229.08	241.52	9,787.11	0.00	156.84	249.63	191.88	183.18
NOPAT to Interest Expense	15.08	68.46	137.65	177.92	192.22	7,557.75	0.00	109.41	171.36	144.30	122.11
EBIT Less CapEx to Interest Expense	12.90	56.50	76.02	150.88	142.65	4,834.37	0.00	103.76	148.32	135.15	103.53
NOPAT Less CapEx to Interest Expense	3.48	26.47	72.46	99.71	93.35	2,605.01	0.00	56.33	70.04	87.57	42.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.01%	16.89%	18.70%
Augmented Payout Ratio	0.00%	50.50%	46.06%	76.74%	0.00%	36.28%	0.00%	33.65%	103.11%	41.35%	90.49%

This table displays calculated financial ratios and metrics derived from Paycom Software's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	54,275,097.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	54,275,097.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.59%	17.28%	10.68%	9.07%	11.23%	13.63%	6.12%	10.54%	9.16%	10.20%	7.80%
EBITDA Growth	31.41%	2.32%	67.71%	11.87%	12.21%	34.44%	-28.90%	15.32%	32.43%	6.80%	17.09%
EBIT Growth	34.02%	-2.41%	74.74%	6.93%	6.69%	36.02%	-34.28%	18.12%	41.06%	4.72%	14.76%
NOPAT Growth	38.85%	5.01%	110.76%	7.56%	-0.67%	42.76%	-44.34%	31.61%	14.90%	1.05%	12.18%
Net Income Growth	44.23%	2.26%	107.20%	5.35%	-2.58%	38.89%	-43.61%	31.62%	51.02%	0.26%	11.69%
EPS Growth	44.44%	2.92%	112.14%	8.11%	0.77%	44.68%	-43.25%	31.67%	49.62%	0.98%	22.58%
Operating Cash Flow Growth	45.63%	4.65%	1.73%	24.75%	-5.88%	19.31%	22.81%	-7.27%	91.59%	22.26%	17.15%
Free Cash Flow Firm Growth	103.29%	-98.39%	123.12%	112.21%	-1,387.61%	30,032.22%	-228.24%	-527.35%	147.45%	8.71%	183.00%
Invested Capital Growth	2.90%	5.29%	-8.59%	-10.85%	67.77%	-88.99%	37.11%	71.61%	-61.43%	-51.53%	-23.64%
Revenue Q/Q Growth	1.29%	6.97%	15.02%	-12.48%	3.30%	9.28%	7.42%	-8.84%	2.01%	10.34%	5.07%
EBITDA Q/Q Growth	8.27%	9.00%	125.73%	-58.03%	8.60%	30.60%	19.44%	-31.91%	24.65%	5.38%	30.92%
EBIT Q/Q Growth	9.43%	9.67%	159.25%	-65.64%	9.18%	39.82%	25.27%	-38.25%	30.42%	3.83%	37.23%
NOPAT Q/Q Growth	17.80%	9.14%	212.42%	-73.22%	8.78%	56.86%	21.83%	-36.75%	-4.88%	37.84%	35.28%
Net Income Q/Q Growth	16.59%	8.71%	202.34%	-72.50%	7.81%	54.98%	22.75%	-35.80%	23.69%	2.80%	36.82%
EPS Q/Q Growth	17.12%	8.46%	209.93%	-72.54%	9.17%	55.73%	21.57%	-36.29%	24.05%	5.10%	47.57%
Operating Cash Flow Q/Q Growth	-6.90%	36.37%	10.54%	-11.13%	-29.76%	72.87%	13.79%	-32.88%	45.14%	10.29%	9.03%
Free Cash Flow Firm Q/Q Growth	102.88%	-90.22%	8,778.13%	-50.67%	-403.51%	328.82%	-137.44%	-64.31%	133.71%	424.31%	-71.42%
Invested Capital Q/Q Growth	15.43%	-41.30%	-26.01%	26.38%	75.41%	-728.45%	58.07%	66.77%	-39.83%	-677.65%	65.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.03%	82.81%	84.27%	80.83%	80.45%	83.05%	84.05%	81.91%	82.69%	83.85%	84.74%
EBITDA Margin	32.34%	32.96%	64.71%	31.04%	32.63%	38.99%	43.36%	32.38%	39.57%	37.79%	47.09%
Operating Margin	23.85%	24.55%	57.18%	21.75%	23.21%	30.06%	34.89%	23.22%	22.83%	28.88%	36.75%
EBIT Margin	25.17%	25.80%	58.18%	22.84%	24.14%	30.89%	36.02%	24.40%	31.20%	29.36%	38.35%
Profit (Net Income) Margin	18.51%	18.81%	49.45%	15.54%	16.21%	22.99%	26.28%	18.51%	22.44%	20.91%	27.23%
Tax Burden Percent	73.71%	73.06%	85.22%	68.56%	67.65%	74.96%	73.25%	76.37%	72.45%	71.53%	72.32%
Interest Burden Percent	99.78%	99.79%	99.73%	99.22%	99.28%	99.31%	99.58%	99.32%	99.29%	99.56%	98.18%
Effective Tax Rate	26.29%	26.94%	14.78%	31.44%	32.35%	25.04%	26.75%	23.63%	27.55%	28.47%	27.64%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	27.14%	27.42%	33.81%	33.33%	32.58%	34.87%	24.99%	25.75%	28.55%	27.42%	37.15%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	11.44%	10.79%	22.58%	9.83%	11.98%	11.57%	14.82%	11.46%	16.14%	8.95%	17.09%
Return on Assets (ROA)	8.42%	7.87%	19.20%	6.69%	8.05%	8.61%	10.81%	8.69%	11.61%	6.37%	12.13%
Return on Common Equity (ROCE)	27.14%	27.42%	33.81%	33.33%	32.58%	34.87%	24.99%	25.75%	28.55%	27.42%	37.15%
Return on Equity Simple (ROE_SIMPLE)	23.85%	0.00%	32.59%	33.10%	32.10%	0.00%	22.96%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	71	78	244	65	71	111	136	86	82	112	152
NOPAT Margin	17.58%	17.94%	48.73%	14.91%	15.70%	22.54%	25.56%	17.73%	16.54%	20.66%	26.60%
Net Nonoperating Expense Percent (NNEP)	0.17%	0.15%	0.12%	0.11%	0.11%	0.07%	0.13%	0.16%	1.47%	0.03%	0.15%
Return On Investment Capital (ROIC_SIMPLE)	-	5.98%	-	-	-	7.06%	7.90%	4.76%	4.77%	6.49%	10.23%
Cost of Revenue to Revenue	16.97%	17.19%	15.73%	19.17%	19.55%	16.95%	15.95%	18.09%	17.31%	16.15%	15.26%
SG&A Expenses to Revenue	17.68%	17.19%	-9.62%	16.02%	15.63%	13.36%	12.44%	14.52%	14.58%	13.03%	12.14%
R&D to Revenue	12.76%	12.74%	10.10%	14.26%	13.95%	13.50%	11.74%	15.47%	15.02%	13.26%	10.61%
Operating Expenses to Revenue	59.18%	58.26%	27.09%	59.08%	57.24%	52.98%	49.16%	58.68%	59.86%	54.97%	47.98%
Earnings before Interest and Taxes (EBIT)	102	112	291	100	109	153	191	118	154	160	219
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	131	143	323	136	147	193	230	157	195	206	269
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.94	9.48	8.32	5.83	6.53	7.50	7.29	7.43	7.05	5.18	8.13
Price to Tangible Book Value (P/TBV)	11.79	10.28	8.95	6.27	7.01	8.00	7.72	7.84	7.45	5.46	9.09
Price to Revenue (P/Rev)	9.54	7.29	6.87	4.67	5.25	6.28	6.54	6.83	6.02	4.37	3.15
Price to Earnings (P/E)	45.85	36.24	25.52	17.61	20.35	23.54	31.74	32.19	26.59	19.78	14.04
Dividend Yield	0.29%	0.55%	0.76%	1.05%	0.90%	0.73%	0.69%	0.65%	0.72%	0.94%	1.23%
Earnings Yield	2.18%	2.76%	3.92%	5.68%	4.92%	4.25%	3.15%	3.11%	3.76%	5.06%	7.12%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	8.09	5.74	5.09	3.18	4.28	4.12	5.09	5.73	4.92	1.69	2.15
Enterprise Value to EBITDA (EV/EBITDA)	22.52	16.52	12.31	7.71	10.40	9.70	13.81	15.46	12.72	4.39	5.43
Enterprise Value to EBIT (EV/EBIT)	27.64	20.51	14.80	9.36	12.75	11.88	17.64	19.67	16.00	5.56	6.90
Enterprise Value to NOPAT (EV/NOPAT)	40.98	29.88	19.57	12.37	17.06	15.80	25.46	27.82	23.82	8.33	10.41
Enterprise Value to Operating Cash Flow (EV/OCF)	27.53	20.06	18.17	11.02	15.36	14.52	17.17	20.12	15.32	5.10	6.33
Enterprise Value to Free Cash Flow (EV/FCFF)	44.86	38.62	15.17	9.81	0.00	4.66	0.00	0.00	16.46	2.04	6.62
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.83
Long-Term Debt to Equity	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.83
Financial Leverage	-1.76	-2.09	-2.15	-1.82	-1.43	-2.32	-1.86	-1.49	-1.25	-2.89	-1.92
Leverage Ratio	2.87	3.26	3.24	2.92	2.55	3.49	2.95	2.58	2.44	4.07	3.71
Compound Leverage Factor	2.86	3.25	3.23	2.89	2.53	3.47	2.94	2.57	2.42	4.05	3.65
Debt to Total Capital	2.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	45.40%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	2.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	45.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	98.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	54.60%
Debt to EBITDA	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.82
Net Debt to EBITDA	-4.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.54
Long-Term Debt to EBITDA	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.82
Debt to NOPAT	0.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.56
Net Debt to NOPAT	-7.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.87
Long-Term Debt to NOPAT	0.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.56
Altman Z-Score	5.01	3.62	3.34	2.87	4.28	2.60	3.93	5.07	4.29	1.75	2.32
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.24	1.11	1.12	1.13	1.19	1.10	1.20	1.30	1.22	1.09	1.08
Quick Ratio	0.24	0.12	0.13	0.15	0.21	0.11	0.22	0.31	0.20	0.08	0.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	44	4.26	375	185	-561	1,284	-481	-790	266	1,396	399
Operating Cash Flow to CapEx	188.62%	236.43%	311.51%	289.64%	192.44%	312.26%	484.08%	198.54%	181.43%	266.80%	685.26%
Free Cash Flow to Firm to Interest Expense	196.38	17.84	479.46	236.52	-711.48	1,226.83	-601.08	-987.66	242.11	1,994.77	99.78
Operating Cash Flow to Interest Expense	444.05	562.47	190.07	168.92	117.59	153.19	228.13	153.13	161.64	280.14	53.45
Operating Cash Flow Less CapEx to Interest Expense	208.62	324.57	129.06	110.60	56.49	104.13	181.00	76.00	72.55	175.14	45.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.42	0.39	0.43	0.50	0.37	0.41	0.47	0.52	0.30	0.45
Accounts Receivable Turnover	107.06	86.32	92.17	98.17	100.98	67.74	74.62	65.40	56.39	48.79	50.68
Inventory Turnover	225.98	183.77	215.06	267.49	300.47	239.00	212.35	228.26	217.89	222.84	240.07
Fixed Asset Turnover	3.82	3.76	3.70	3.64	3.57	3.55	3.52	3.46	3.30	3.29	3.39
Accounts Payable Turnover	30.49	18.45	18.69	26.07	15.53	17.70	22.65	19.83	12.30	22.65	37.63
Days Sales Outstanding (DSO)	3.41	4.23	3.96	3.72	3.61	5.39	4.89	5.58	6.47	7.48	7.20
Days Inventory Outstanding (DIO)	1.62	1.99	1.70	1.36	1.21	1.53	1.72	1.60	1.68	1.64	1.52
Days Payable Outstanding (DPO)	11.97	19.79	19.53	14.00	23.51	20.62	16.12	18.40	29.66	16.12	9.70
Cash Conversion Cycle (CCC)	-6.95	-13.57	-13.88	-8.92	-18.68	-13.70	-9.51	-11.22	-21.52	-7.00	-0.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-933	-1,318	-1,661	-1,223	-301	-2,492	-1,045	-347	-486	-3,776	-1,292
Invested Capital Turnover	-1.72	-1.25	-1.09	-1.53	-2.96	-0.99	-1.41	-2.50	-5.09	-0.65	-1.79
Increase / (Decrease) in Invested Capital	28	74	-131	-120	632	-1,173	616	876	-185	-1,284	-247
Enterprise Value (EV)	13,188	9,728	8,861	5,662	7,801	7,751	9,749	11,230	9,852	3,460	4,493
Market Capitalization	15,543	12,349	11,960	8,312	9,567	11,819	12,511	13,379	12,046	8,967	6,597
Book Value per Share	$23.51	$21.63	$25.43	$24.55	$25.50	$27.33	$29.99	$31.16	$29.54	$30.77	$14.96
Tangible Book Value per Share	$21.80	$19.94	$23.65	$22.83	$23.78	$25.63	$28.29	$29.50	$27.93	$29.18	$13.37
Total Capital	1,450	1,303	1,438	1,427	1,465	1,576	1,717	1,802	1,709	1,732	1,487
Total Debt	29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	675
Total Long-Term Debt	29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	675
Net Debt	-2,354	-2,621	-3,099	-2,650	-1,765	-4,068	-2,762	-2,149	-2,195	-5,507	-2,104
Capital Expenditures (CapEx)	52	57	48	46	48	51	38	62	98	74	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,890	-2,343	-2,745	-2,330	-1,447	-3,670	-2,255	-1,596	-1,731	-5,037	-2,544
Debt-free Net Working Capital (DFNWC)	493	279	354	319	318	398	507	554	464	470	235
Net Working Capital (NWC)	493	279	354	319	318	398	507	554	464	470	235
Net Nonoperating Expense (NNE)	-3.79	-3.81	-3.60	-2.75	-2.33	-2.27	-3.81	-3.74	-29	-1.36	-3.59
Net Nonoperating Obligations (NNO)	-2,354	-2,621	-3,099	-2,650	-1,765	-4,068	-2,762	-2,149	-2,195	-5,507	-2,104
Total Depreciation and Amortization (D&A)	29	31	33	36	38	40	39	39	41	46	50
Debt-free, Cash-free Net Working Capital to Revenue	-115.99%	-138.31%	-157.60%	-131.03%	-79.34%	-194.85%	-117.82%	-81.41%	-86.51%	-245.48%	-121.54%
Debt-free Net Working Capital to Revenue	30.25%	16.46%	20.32%	17.96%	17.45%	21.13%	26.50%	28.24%	23.16%	22.93%	11.20%
Net Working Capital to Revenue	30.25%	16.46%	20.32%	17.96%	17.45%	21.13%	26.50%	28.24%	23.16%	22.93%	11.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.30	$1.44	$4.37	$1.20	$1.31	$2.05	$2.49	$1.59	$1.97	$2.08	$3.05
Adjusted Weighted Average Basic Shares Outstanding	57.83M	57.71M	56.55M	56.45M	55.93M	56.21M	55.97M	56.12M	56.11M	55.77M	51.09M
Adjusted Diluted Earnings per Share	$1.30	$1.41	$4.37	$1.20	$1.31	$2.04	$2.48	$1.58	$1.96	$2.06	$3.04
Adjusted Weighted Average Diluted Shares Outstanding	57.97M	57.97M	56.55M	56.77M	55.96M	56.30M	56.28M	56.50M	56.43M	56.12M	51.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.23M	57.55M	58.11M	57.43M	57.66M	57.26M	57.82M	57.88M	56.27M	54.28M	47.63M
Normalized Net Operating Profit after Tax (NOPAT)	71	78	244	65	71	111	136	86	82	112	152
Normalized NOPAT Margin	17.58%	17.94%	48.73%	14.91%	15.70%	22.54%	25.56%	17.73%	16.54%	20.66%	26.60%
Pre Tax Income Margin	25.11%	25.75%	58.02%	22.66%	23.97%	30.68%	35.87%	24.23%	30.98%	29.23%	37.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	460.64	469.26	371.90	127.78	138.28	145.70	238.88	147.50	139.91	228.29	54.83
NOPAT to Interest Expense	321.76	326.20	311.49	83.41	89.92	106.30	169.49	107.20	74.16	160.63	38.03
EBIT Less CapEx to Interest Expense	225.22	231.36	310.88	69.46	77.17	96.64	191.75	70.38	50.82	123.29	47.03
NOPAT Less CapEx to Interest Expense	86.33	88.30	250.47	25.09	28.82	57.24	122.36	30.07	-14.93	55.63	30.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.79%	19.01%	18.36%	18.11%	18.11%	16.89%	21.49%	20.52%	18.80%	18.70%	17.33%
Augmented Payout Ratio	34.92%	103.11%	79.51%	95.92%	89.24%	41.35%	21.49%	30.62%	67.12%	90.49%	311.09%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor‑oriented snapshot of Paycom Software (PAYC) using the latest quarterly results and the prior four years of data. The focus is on trends in revenue, profitability, cash flow, and balance‑sheet health over the last four years, with a view on what this might imply for shareholders.

Revenue has been expanding into Q4 2025: Q4 2025 operating revenue was 544.3 million, up from Q4 2024's 493.9 million (roughly 10% year over year).
Gross margin has held at a high level and improved modestly: Q4 2025 gross profit was 456.4 million on 544.3 million revenue, about 83.9% gross margin, vs roughly 83.1% in Q4 2024.
Profitability remains solid, with net income to common shareholders of 113.8 million in Q4 2025 and earnings per share around 2.08 (basic) and 2.06 (diluted).
Operating cash flow strengthened: Net cash from continuing operating activities was about 196.1 million in Q4 2025, up from 177.8 million (Q3 2025) and 160.4 million (Q4 2024).
Investing and financing activity mix: Q4 2025 showed 48.0 million in net cash from investing activities, and a substantial 3.19 billion net cash from financing activities, contributing to a strong quarterly net cash increase (3.43 billion).
Expense mix remains manageable: SGA was 70.9 million, marketing 130.2 million, and R&D 72.2 million in Q4 2025, reflecting ongoing investment alongside revenue growth.
No long‑term debt outstanding in 2025, implying a healthy liquidity posture and balance‑sheet flexibility.
Quarterly results show a relatively steady trajectory across the last four quarters, with margins remaining robust even as operating costs trend with scale.
Marketing expense remains a sizable share of revenue (about 24% of Q4 2025 revenue), which could pressure margins if top‑line growth slows.
The large one‑off financing inflow in Q4 2025 suggests liquidity was boosted by non‑operating financing activity rather than core operating cash generation, which may not be repeatable.

05/25/26 01:11 AM ETAI Generated. May Contain Errors.

Paycom Software Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Paycom Software's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Paycom Software's net income appears to be on an upward trend, with a most recent value of $453.40 million in 2025, rising from $20.95 million in 2015. The previous period was $502 million in 2024. Find out what analysts predict for Paycom Software in the coming months.

Paycom Software's total operating income in 2025 was $567.20 million, based on the following breakdown:

Total Gross Profit: $1.71 billion
Total Operating Expenses: $1.14 billion

Over the last 10 years, Paycom Software's total revenue changed from $224.65 million in 2015 to $2.05 billion in 2025, a change of 813.3%.

Paycom Software's total liabilities were at $5.87 billion at the end of 2025, a 37.0% increase from 2024, and a 653.8% increase since 2015.

In the past 10 years, Paycom Software's cash and equivalents has ranged from $45.72 million in 2018 to $402 million in 2024, and is currently $370 million as of their latest financial filing in 2025.

Over the last 10 years, Paycom Software's book value per share changed from 1.66 in 2015 to 30.77 in 2025, a change of 1,749.9%.

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Financial statements for NYSE:PAYC last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Paycom Software (PAYC) Financials

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